China and Singapore Jingwei Client February 24th. A shares opened lower on Monday (24th). The Shanghai and Shenzhen stock markets diverged. The Shanghai Stock Exchange fell by more than 1% at one time. After the high levels of the two cities consolidated in the afternoon, the technology sector collectively rose. The GEM Index rose more than 1%. As of the close, the turnover of the Shanghai and Shenzhen markets exceeded 1.2 trillion yuan, setting a new high since November 2015.
As of the close of trading , the Shanghai Composite Index reported 303.23 points, a decrease of 0.28%, and the transaction volume was 451.601 billion yuan; the Shenzhen Component Index reported 11772.38 points, an increase of 1.23%, and the transaction volume was 770.457 billion yuan; the GEM Index reported 2226.97 points, an increase of 1.68%.
On the disk, components, communications equipment, semiconductors, optical optoelectronics, communications operations and other sectors led the gains; air transportation, airports, rare metals, hotels, shipping and other sectors led the decline.
In terms of concept stocks, printed circuit boards (PCBs), broadband China, Huawei Hisilicon Concept, MiniLED, and masks led the gains, while BDI index, marine economy, China-Korea free trade zone, white wine, titanium dioxide, etc. led the decline.
As for individual stocks, 2131 stocks rose. Among them, 149 stocks including Guiguang Network, Tongfeng Electronics, Hongli Zhihui rose more than 5%. 1553 stocks fell, of which 34 stocks including Miao Kelando, Long Mang Baili, Spring and Autumn Airlines fell more than 5%.
According to the analysis of Aijian Securities, the high market sentiment is expected to remain active in the short term, but short-term fluctuations must be prevented. Although the market is currently sufficiently liquid, with the resumption of work, funds have gradually returned to the production sector, and market funds are facing certain outflow pressure. Although the value investment opportunities are less flexible, they are more secure. In the long run, the rotation between technological growth and value is the main feature of the market.
Industrial Securities believes that the current policy control efforts have increased, and the market has a strong willingness to drag the bottom, and continues to be optimistic about the future performance of A shares. It is recommended to pay close attention to the rotation of liquor, catering, tourism, and transportation. In addition, it is concerned about the securities sector, which has benefited from the implementation of new refinancing regulations and low valuations, the new energy vehicles and consumer electronics sector, as well as real estate, construction, and building materials. (Zhongxin Jingwei APP)
(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky and you must be cautious when entering the market.)